Emerald Advisers LLC Buys 28 Shares of Kinsale Capital Group, Inc. $KNSL

by · The Cerbat Gem

Emerald Advisers LLC grew its holdings in shares of Kinsale Capital Group, Inc. (NYSE:KNSL – Free Report) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,649 shares of the financial services provider’s stock after buying an additional 28 shares during the quarter. Emerald Advisers LLC’s holdings in Kinsale Capital Group were worth $798,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNSL. GAMMA Investing LLC lifted its position in Kinsale Capital Group by 21.9% during the 1st quarter. GAMMA Investing LLC now owns 635 shares of the financial services provider’s stock worth $309,000 after buying an additional 114 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Kinsale Capital Group by 10.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,614 shares of the financial services provider’s stock worth $1,272,000 after buying an additional 254 shares in the last quarter. KBC Group NV lifted its position in Kinsale Capital Group by 11.5% during the 1st quarter. KBC Group NV now owns 968 shares of the financial services provider’s stock worth $471,000 after buying an additional 100 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in Kinsale Capital Group by 9.2% during the 1st quarter. Koshinski Asset Management Inc. now owns 2,198 shares of the financial services provider’s stock worth $1,070,000 after buying an additional 186 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in Kinsale Capital Group by 2.1% during the 1st quarter. Private Trust Co. NA now owns 1,288 shares of the financial services provider’s stock worth $627,000 after buying an additional 27 shares in the last quarter. 85.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KNSL. Morgan Stanley dropped their target price on shares of Kinsale Capital Group from $525.00 to $500.00 and set an “overweight” rating on the stock in a report on Tuesday, October 7th. Cantor Fitzgerald raised shares of Kinsale Capital Group to a “hold” rating in a report on Wednesday, August 13th. Compass Point upped their target price on shares of Kinsale Capital Group from $432.00 to $490.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Kinsale Capital Group in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Kinsale Capital Group from $460.00 to $450.00 and set a “neutral” rating on the stock in a report on Monday. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $502.13.

Get Our Latest Report on Kinsale Capital Group

Kinsale Capital Group Stock Down 4.0%

Shares of KNSL opened at $403.20 on Thursday. Kinsale Capital Group, Inc. has a 52 week low of $399.26 and a 52 week high of $531.79. The firm has a market cap of $9.39 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 1.52 and a beta of 1.09. The firm’s 50-day simple moving average is $444.48 and its 200 day simple moving average is $458.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.09 and a current ratio of 0.09.

Kinsale Capital Group (NYSE:KNSL – Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $5.21 EPS for the quarter, beating analysts’ consensus estimates of $4.79 by $0.42. Kinsale Capital Group had a net margin of 26.30% and a return on equity of 25.66%. The business had revenue of $405.06 million for the quarter, compared to analyst estimates of $446.00 million. During the same quarter in the prior year, the business earned $4.20 EPS. Kinsale Capital Group’s quarterly revenue was up 19.0% on a year-over-year basis. On average, analysts forecast that Kinsale Capital Group, Inc. will post 17.72 earnings per share for the current year.

Kinsale Capital Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 11th. Shareholders of record on Friday, August 29th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, August 29th. Kinsale Capital Group’s dividend payout ratio is presently 3.34%.

Kinsale Capital Group Company Profile

(Free Report)

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company’s commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.

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